The Ministry of Commerce (MOFCOM) sort of responded to a recent Bloomberg report that China is considering letting foreign carmakers set up wholly-owned ventures to produce electric vehicles inside China’

WEIFANG, Shandong – China’s diesel engine and components maker Xinde Technology Co. has reported that its 6CT/6LT diesel engine series has achieved sales of more than 1,000 units since its launch in May 2010, according to media sources.

China Association of Automobile Manufacturers (CAAM) recently published the sales figure of diesel engines over the first half of the year. Yuchai Group, with strength in full-range engine products, continued to lead the chart. First Auto Works (FAW), Anhui Quanchai Group and Weichai Power all finished the first six months with over 200,000 engines sold.

Weichai Group (Weichai), China's leading heavy-duty engine maker, announced its ¥100 billion ($14.7 billion) green power project and 1.5 million unit diesel engine production plan at its headquarters in Weifang, Shandong Province. At the event, Tan Xuguang, chairman of Weichai, revealed the company's long-term target, which is for its engine business to generate sales revenues of ¥50 billion in 2012, ¥80 billion in 2015 and over ¥100 billion in 2020, becoming the largest engine manufacturer in the world.